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Resource ID: #21122
Subject: Banking
Source: Record (Hackensack, N.J.)
Date: 2022-05-21



Commerce Bancorp- one of the nation's fastest growing financial services companies-has also become the biggest private political benefactor New Jersey has seen in a century. The bank's far-reaching political clout and regular campaign contributions-more than $1.6 million in the last five years-have helped Commerce obtain more no-bid government banking, bond and insurance contracts in the state than any of its competitors, including much larger banks such as Wachovia and Fleet.

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